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Oil Dips, Remains Close to $50

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Oil Dips, Remains Close to $50

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Oil Dips, Remains Close to $50

Oil Dips, Remains Close to $50

  • Download
  • <iframe src="https://www.npr.org/player/embed/4053199/4053200" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The price of oil retreats below $50 a barrel, closing at $49.51. Despite lessening pressures on oil inventories, experts are concerned over the broader effects of the rise. A recent International Monetary Fund report predicting economic growth was based on an assumed price of $37.25 a barrel. NPR's Kathleen Schalch reports.

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